Youth Share Certificates help UBCCU’s youngest members build their savings over time.

A Youth Share Certificate from United Bay Community Credit Union is designed to help our younger members develop healthy saving habits.

The requirements to open a Youth Share Certificates are simple:

  • Be under the age of 18
  • Have an active primary account in the child’s name
  • $25 minimum investment

Terms for Youth Share Certificates are simple too:

  • You can add to your CD anytime with a minimum of $1 deposit.
  • In six months, you can take out your money or let the certificate roll over at the for another six months at Current Rates.
  • Interest is compounded quarterly and deposited to your savings account.

Youth Share Certificates act like normal Share Certificates until the owner’s 18th birthday. If the balances at that point after dividend is greater than or equal to $500, the Share Certificate will convert to a normal six (6) month certificate. If the balance is less than $500, the certificate will not renew and the balance will transfer to the owner’s Primary Share Account.

United Bay Community Credit Union Youth Share Certificates earn a completive rate and are insured up to $250,000 by the National Credit Union Administration (NCUA), an agency of the federal government.

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